SAP FICO Certification Training

SAP FICO Certification Training

SAP FICO, SAP FI (Financials) monitors company financials while CO (Controlling) delivers cost accounting. SAP FI is used to store the financial data of an organization and also helps to analyse the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization. Our training program focuses on core accounting and reporting concepts like financial controlling – credit control, maintain fiscal year variant and tax code, assign the company code to a chart of accounts etc.
Start Date Duration Time (CST) Type Mode of Training Enroll
Flexible 55 Hrs Flexible Online INSTRUCTOR LED TRAINING Enquiry Now

Description

SAP is one of the biggest players in the enterprise software application industry which is aimed at superior enterprise resource planning. SAP is the abbreviation for Systems, Applications, and Products in Data Processing. SAP Finance and Controlling (FICO) is one of the most broadly used SAP modules. SAP FICO module includes SAP FICO configuration, SAP CO configuration, SAP FI user and SAP CO user. Taking up a SAP FICO certification is the first step towards beginning a career as a SAP FICO consultant. The different parts of the SAP FI and SAP CO modules are essential to building the skill sets of a SAP FICO consultant or professional.

SAP FICO Job Outlook:

SAP FICO

Did you Know

  1.  SAP FICO enables enterprises to keep track of every financial transaction and aids in finance reporting at the end of fiscal year.
  2.  It has been established by research that SAP customers help 800 million consumers live safer and healthier lives.
  3.  SAP’s customers manufacture more than 77,000 automobiles per day as found by leading statistical organizations.
  4.  Another impressive statistic is that SAP’s customers produce 65% of the world’s televisions..
  5.  Also well known as an empirical fact is that SAP customers produce more than 52% of the world’s movies.

Why learn and get certified in SAP FICO?

  1.  SAP FICO offers highly advanced means of financial transaction reporting and also better handling of accounts.
  2.  Banks, tax authorities, managers, administrators, and stockholders utilize external reports generated with the help of SAP FICO according to specific requirements.
  3.  SAP FI is responsible for consolidating diverse modules and creating a single system for the entire organization.
  4.  To Sum it up, SAP FI obtains data for external reporting procedures while its SAP Controlling Module (CO) lays stress on data for internal users.

Pre-requisites

  1.  Candidates do not require any specific requirements to take up this course except a basic background in information technology.
  2.  We provide FREE Finance Domain Materialsif you want to Learn Basics of Finance and Accounting.

Course Objective

After the completion of SAP FICO course, you will be able to:
  1.  Learn the basic concepts and fundamentals of Finance and Controlling modules
  2.  Learn about General Ledger, Accounts Payable, Bank Accounting and Funds Management and its application in finance analysis
  3.  Learn about Business Process and how FICO Module work in R/3
  4.  Apply Implementation Training and Integration with other Modules
  5.  Apply Real-time Training with End to End Implementation Process

Who should attend this Training?

This certification is highly suitable for a broad range of professionals either aspiring to, or already are in the IT and Finance domain, such as:
  1.  Analytics professionals, professionals desirous of excelling in the fields of accounting and finance
  2.  IT developers and testers
  3.  Data analysts
  4.  BI and reporting professionals
  5.  Project managers
  6.  Data scientists
  7.  Professionals aspiring for a career in growing and demanding fields of real-time big data analytics

Prepare for Certification!

Our training and certification program gives you a solid understanding of the key topics covered by Foundation and Advanced Level Certification exams. This is aimed at students who have recently completed, and experienced professionals to enhance their practical knowledge in SAP FICO modules. In addition to boosting your income potential, getting certified, demonstrates your knowledge and the skills, understanding of the fundamentals of SAP FICO along with processes, tools, techniques, and management methodology. The certification validates your ability to produce reliable, high-quality results with increased efficiency and consistency.

How will I perform the practical sessions in Online training?

For online training, ZaranTech provides a virtual environment that helps in accessing each other’s system. The complete course material in pdf format, reference materials, course code is provided to trainees. ZaranTech conductes online sessions through any of the available requirements like Skype, WebEx, GOTOMeeting, Webinar, etc.

Case-Studies

CASE STUDY # 1 – “Implementation of SAP FICO software”

Implementing Company’s software in co ordination with SAP FICO: In this Case study FICO had been using a simple in-house license manager to protect new installations of the FICO score, but as new implementations quickly spread around the world, they decided they needed a more sophisticated system for managing the licenses they sold worldwide. A major challenge with the product installations was that the typical end-customer has no direct Internet connectivity from the systems where the application is running, and IT resources were limited due to a full workload and other high priority projects. Implementing Company’s software into the FICO score software provided a relatively straightforward process requiring a minimal time commitment from IT, a secure licensing procedure and a periodic process for transferring data back to FICO in a quick and easy fashion for analysis. Tasks:
  1.  Creation of Company’s General Ledger.
  2.  Creation of Company’s 3 Sub-ledger – Accounts Payable, Accounts Receivable and Asset Accounting.
  3.  Creating of Company’s Controlling module.
  4.  The rapid development of intranet may provide an innovative tool for construction and design teams in meeting these growing communication challenges.
  5.  A project specific intranet uses a database server to store e-mail information and the organizational information such as user’s details including the personal information and information requests.
  6.  Then team members can access this information using the Ezee Mail System. As information changes, the server content can be easily updated with new or revised data.
  7.  This flexible approach allows geographically remote project teams to access timely, consistent and accurate information without expensive typesetting, printing, distribution and mailing charges.
Technologies Used
  1.  Client side: HTML5, CSS3, JavaScript
  2.  Server side: Servlets, JSP, JSTL
  3.  Database programming: JDBC
  4.  Web server: Tomcat
  5.  Database server: MySQL Server

CASE STUDY # 2

Our Client is one of the World’s Premier and more than a Century old engineering group. The group turnover is around Rs. 100 Billion. The group is known for largest distribution network and excellence in manufacturing. The group consists of 20 companies including joint ventures. The Company was incorporated in the year 1920. At present Company is having manufacturing facilities at 3 locations. The company’s operations are divided into seven SBUs. The Company’s distribution network comprises of 16 regional offices and 8 overseas offices. Product range includes industrial and agricultural pumps, hydro-turbines, valves, machine tools, industrial coatings, etc. About Project: This project is a SAP R/3 implementation project. The scope of the project covers the business processes related to Marketing, Sales, Production and Finance Accounting and Management Accounting. So modules Implemented in this project are SD, MM, PP, FI and CO. Implementation Methodology: SAP recommends ASAP Methodology for implementations, In this case study, we will use ASAP methodology. As a consultant, you should get exposed to all Five phases of implementation and should be able to gain good knowledge on each phase. We will walk through with each phase in detail.
  1. Project Preparation – Documentation Work
  2.  Business Blue Print – Documentation Work
  3.  Realization – Configuration and Customizations
  4.  Final Preparations: Data migrations from legacy to SAP system
  5.  Go Live and Support: Handholding’s for SAP implementation, Resolving tickets

Tasks in FICO Module:

You need to study and understand the different business process in Legacy & creation to a creation system and map them to SAP system. Configuration and Customization task include in Definition creation and assignment of Various Organization Units, variants, creation of different master records, should be able to post business transactions and generate various reports and do closing activities. You are expected to prepare a blueprint and also configuration documents. Further, you need to get involved in Data Migration Project where you should be uploading thousands of various master records like customer master, vendor masters, Asset Masters, GL masters, Material Masters… so on, also you need to build configuration blocks in sub modules like General Ledger, Bank Accounting, Accounts Receivable, Accounts Payable, Asset Accounting, Cost Element Accounting, Cost Center Accounting, Profit Center Accounting, Internal orders, Product Costing, Profitability Analysis. Final you need to submit your work as a presentation at the end of training.

Unit 1: Introduction to SAP R/3

  1. Introduction to ERP, Advantages of SAP over other ERP Packages
  2. Introduction to SAP R/3 FICO
  3. Landscape – client concept
  4. Transport request – creation, structure, types, statuses, releasing and movement

Unit 2: Financial Accounting Basic Settings (Organization structure)

  1. Definition of company
  2. Definition of company code
  3. Assignment of company to company code
  4. Definition of business area
  5. Definition of Chart of accounts and types of chart of accounts
  6. Assignment of chart of accounts to company code
  7. Definition of Account groups
  8. Defining Retained Earnings Account
  9. Definition of fiscal year variant, Short-end fiscal year
  10. Assignment of fiscal year variant to company code
  11. Definition of posting period variant
  12. Assignment of posting period variant to company code
  13. Open and close FI posting period
  14. Defining document type & number ranges (internal and external)
  15. Maintenance of field status variants
  16. Assignment of field status variant to company code
  17. Definition of tolerance groups for GL accounts
  18. Definition of tolerance groups for employees
  19. Assignment of tolerance groups to users
  20. Global parameters

Unit 3: General Ledger Accounting

  1. Creation of General Ledger Master (with and without reference)
  2. Display/Change/Block/Unblock of general ledger master
  3. Document Entry posting: normal postings and posting with reference
  4. Display and change of documents
  5. Display of GL balances
  6. Display GL account line items
  7. Parked documents
  8. Hold documents
  9. Creation of Sample Document and postings with sample documents
  10. Creation of account assignment model and posting
  11. Configuration of line layouts for display of GL line items
  12. Accrual and Deferral documents
  13. Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents, re-reversal
  14. Types of clearing – standard, partial and residual
  15. Defining Exchange Rate types, Forex table and Translation and tables
  16. Define Exchange rates & posting of foreign currency transactions
  17. Interest calculations on term loans
  18. Recurring documents
  19. Tables and reports in G

Unit 4: Accounts Payable

  1. Creation of vendor account groups
  2. Creation of number ranges for vendor master records
  3. Assignment of number ranges to vendor account groups
  4. Creation of tolerance group for venders
  5. Creation of vendor master (display/change/block/unblock of vender master) and related tables
  6. Posting of vendor transactions (invoice posting, manual payment posting, credit memo) and related tables
  7. Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions)
  8. Posting of partial Payment & Residual Payment
  9. Cash discounts from vendors and payment terms
  10. Automatic payment program configuration with SEPA format
  11. Bank master data and house banks
  12. F110 execution – main bank posting from F110 and bank clearing account posting from F110 and related tables
  13. DME files creation in xml and txt format and understanding DME structure in DMEE
  14. Payment advice generation, payment summary generation
  15. Reversal of payment documents
  16. Vendor clearing – standard, partial and residual
  17. Check payment method and creating checks manually and automatically and printing
  18. Creation of check lots and maintenance of check register
  19. Check encashment dates
  20. Cancellation of unissued checks and issued checks
  21. Creation of void reasons
  22. Issued check cancellation
  23. Deleting manual checks and voided checks
  24. Defining correspondence & party statement of accounts
  25. Real-time scenarios on APP
  26. Intercompany payments – manual and automatic
  27. Tables and reports in AP and APP

Unit 5: Accounts receivable:

  1. Creation of customer account groups
  2. Creation of number ranges for customer master records
  3. Assignment of number ranges for customer account groups
  4. Creation of tolerance group for customers
  5. Creation of customer master (display/change/block/unblock of vender master) and related tables
  6. Posting of customer transactions (sales invoice posting, manual payment posting, debit memo) and related tables
  7. Settings for advance payment from parties (down payment)
  8. Configuration of settings for dunning and generating the dunning letters
  9. Defining correspondence and party statement of accounts
  10. Cash discounts to customers
  11. APP configuration for incoming payments direct debit
  12. Customer clearing – standard, partial and residual
  13. Tables and reports in AR

Unit 6: Bank Accounting

  1. House bank
  2. Bank key
  3. Bank account
  4. Bank clearing accounts
  5. Electronic bank statement (EBS): Configuration and execution MT940
  6. Auto Lockbox: Configuration and execution
  7. Cash journal/SAP query

Unit 7: Data Migration

  1. LSMW (master data)
  2. BDC (transaction data)

Unit 8: Asset Accounting

  1. Defining chart of depreciation, depreciation areas
  2. Creation of 0% tax codes for sales and purchases
  3. Assignment of the chart of depreciation to company code
  4. Defining account determination
  5. Definition of screen layout rules
  6. Definition of number ranges for asset classes
  7. Integration with General Ledger & Posting rules
  8. Defining Depreciation key
  9. Definition of multilevel methods
  10. Definition of period control methods
  11. Creation of main asset master records
  12. Creation of sub-asset master records
  13. Acquisition/purchase of fixed assets
  14. Sale/retirement of fixed assets
  15. Transfer of assets (intra and intercompany)
  16. Scrapping of assets
  17. Depreciation run
  18. Asset history report, Asset explorer and Asset documents
  19. Line item Settlement of assets under construction of capital work in progress
  20. Year-end activities
  21. Asset mass changes
  22. Tables and reports in AA

Unit 9: New General ledger accounting

  1. Parallel ledgers
  2. Document splitting

Unit 10: Reports

  1. Financial statement version (FSV)

CONTROLLING

Unit 1: Basic settings for controlling

  1. Defining Controlling Area
  2. Defining Number ranges for Controlling Area
  3. Maintain versions

Unit 2: Cost element accounting

  1. Creation of primary cost elements from FI and CO
  2. Manual and automatic creation of primary and secondary cost elements
  3. Grouping of cost elements
  4. Change cost element master records
  5. Primary cost element categories and Secondary cost element categories
  6. Default account assignments

Unit 3: Cost Center Accounting

  1. Defining Cost Center Standard Hierarchy
  2. Creation of Cost Centers and cost center groups
  3. Display and change cost center master records
  4. Creation of cost center groups
  5. Actual posting to cost centers
  6. Reposting of CO line items
  7. Repost of costs
  8. Planning for cost centers
  9. Actual and variance reports

Unit 4: Period – end activities

  1. Statistical Key figure
  2. Creation and execution of Distribution Cycle with/without SKF
  3. Creation and execution of Assessment cycles with/without SKF
  4. Creation and execution of Actual periodic reposting

Unit 5: Internal Orders

  1. Defining order types
  2. Creation of internal order master records
  3. Display and change internal order master records
  4. Postings to internal orders
  5. Planning for internal orders
  6. Reposting co line items for internal orders
  7. Repost of costs for internal orders
  8. Report of Actuals and Variance analysis for internal orders
  9. Creation of real and statistical internal orders
  10. Posting of business transaction to real orders
  11. Definition of allocation structures
  12. Definition of settlement profiles
  13. Definition of planning and budget profiles
  14. Settlement of real internal orders
  15. Budgeting and availability control
  16. Maintain number ranges for budgeting
  17. Define tolerances for availability control
  18. Specification of exempt cost elements from availability control
  19. Maintenance of budget manager
  20. SAP Business workplace

Unit 6: Profit Center Accounting

  1. Basic Settings for Profit Center Accounting
  2. Creation of Dummy Profit Centers
  3. Maintenance of control parameters for actual postings
  4. Maintaining planning versions for profit centers
  5. Maintenance the number ranges for profit center documents
  6. Creation, change and display of profit center master records
  7. Creation of revenue cost elements
  8. Automatic Assignment of Revenue elements for Profit Centers
  9. Assignment of profit centers in cost center master records
  10. Creation of account groups in profit center accounting for planning
  11. Planning for profit and loss account items
  12. Planning for balance sheet items
  13. Posting of transactions into profit centers
  14. Generating the variance reports for profit and loss account items
  15. Generating the variance reports for balance sheet items
  16. Transferring balances from one PC to another PC

Unit 7: Profitability analysis

  1. Maintaining the operating concern and related tables
  2. Define profitability segment characteristics
  3. Assignment of controlling area to operating concern
  4. Activating the profitability analysis
  5. Define number ranges for actual postings
  6. Mapping of SD conditions types to COPA value fields
  7. PA transfer structure
  8. CoPA document generation from Billing and FI document
  9. Creation of reports – Report painter
  10. Viewing the reports

Product costing

Unit 1: Product cost planning

  1. Creation of bill of materials BoM
  2. Creation of activity type master records
  3. Planning for activity hours
  4. Activity type price calculation
  5. Creation of work center master records
  6. Creation of routings
  7. Defining cost sheet (overhead structures)
  8. Assignment of cost sheet to costing variant
  9. Cost component structure
  10. Creation of cost estimate with quantity structure
  11. Marking
  12. Releasing – price change document
  13. Creation of cost estimate without quantity structure
  14. Additive costing
  15. Base planning object (Reference or Simulation costing

Integration

Unit 1: Integration of FI with MM (P2P cycle)

  1. Definition of organizational units in materials management i.e. plant, storage location and purchase organization
  2. Assignment of organizational units to each other
  3. Definition of tolerance groups for purchase orders
  4. Definition of tolerance groups for goods receipt
  5. Definition of tolerance groups for invoice verification
  6. Definition of vendor specific tolerances
  7. Creation, display and change of material master records
  8. Creation of plant parameters
  9. Maintenance of posting periods for materials management
  10. Maintenance of parameters for invoice verification
  11. Maintenance of plant parameters for inventory management and physical inventory
  12. Definition of attributes for material types
  13. Assignment of GL accounts for material transactions in financial accounting (Integration of MM with FI)
  14. Valuation classes, Valuation grouping code
  15. Creation of purchase order, posting of goods receipt, invoice verification and Goods issue for production
  16. Price control – standard and moving average with postings
  17. GR/IR clearing from F.13
  18. MM Pricing procedure and adding freight to pricing procedure
  19. Stock report MB5B

Unit 2: Integration of FI with SD (O2C cycle)

  1. Definition of sales organization
  2. Definition of distribution channels
  3. Definition of divisions and Sales area
  4. Assignment among various organizational units in SD
  5. Definition of partner functions
  6. Definitions of shipping point and loading points
  7. Definition of pricing procedures
  8. Determining the shipping points
  9. Determining the pricing procedures
  10. Maintenance of SD condition types
  11. Maintenance of condition records
  12. Assignment of GL accounts for sales transactions (integration of FI with SD)
  13. Creation of sales order
  14. Initialization of stock
  15. Posting the delivery of goods with PGI
  16. Creating the sales invoice
  17. SD pricing procedure

Unit 3: Validations and Substitutions

  1. Line item level
  2. Header level

Unit 4: Sales Tax

  1. Input tax
  2. Output tax
  3. Sales tax procedure

Unit 5: Idocs

  1. Structure of an Idoc
  2. AL11 path, Uploading and downloading files from AL11
  3. Testing and copying an Idoc
  4. Reprocessing an Idoc

Unit 6: ASAP Methodology

  1. Phases in ASAP methodology
  2. Project plan

Unit 7: Real time documentation

  1. Business blue print (BBP)
  2. Estimate
  3. High level design
  4. Functional specifications
  5. Test script
  6. UAT

About SAP FICO Certifications

Certification in SAP FICO has enormous value in your career where it showcases your proficiency and expertise to the industry. To recognize the talents of financial professional both vendor and vendor-neutral certifications are available in the market which is designed with various aspects. If about to start your career in the field of SAP FICO as a SAP Consultant, then all you need is a correct certificate.To ensure the adequate expertise for SAP FICO professional, It’s better to have a combination of right education or training course with hands-on practical experience.

SAP FICO Certifications

Through SAP certifications are globally recognized, basically it demonstrates that you have honed your skills through rigorous study and direct experience in your area of expertise. SAP offers two certifications for SAP FICO professionals, such as:

  1. SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP5(C_TFIN52_65)
  2. SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP6 (C_TFIN52_66)
  3. SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP7 (C_TFIN52_67)
  4. SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_65)
  5. SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_66)
  6. SAP Certified Application Associate - Management Accounting (CO) with SAP ERP 6.0 EHP5 (C_TFIN22_65)
  7. SAP Certified Application Associate - Management Accounting (CO) with SAP ERP 6.0 EhP6 (C_TFIN22_66)
  8. SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 (C_TFIN22_67)
  9. SAP Certified Application Professional - Management Accounting (CO) with SAP ERP 6.0 EHP5 (P_FINMGT_65)

SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP5(C_TFIN52_65)

Pre-requisites
  1. There are no such prerequisites to register for this exam
Exam Details
  1. Exam duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 62 percent
  4. This is associate level certification

SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP6 (C_TFIN52_66)

Pre-requisites
  1. There are no such prerequisites to register for this exam
Exam Details
  1. Exam duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 64 percent
  4. This is associate level certification

SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP7 (C_TFIN52_67)

Pre-requisites
  1. There are no such prerequisites to register for this exam
Exam Details
  1. Exam duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 60 percent
  4. This is associate level certification

SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_65)

Exam Details
  1. Exam duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 61 percent
  4. This is professional level certification

SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_66)

Exam Details
    1. Exam duration is 180 minutes
    2. Number of question is 80
    3. Passing score is 61 percent
This is professional level certification

SAP Certified Application Associate - Management Accounting (CO) with SAP ERP 6.0 EHP5 (C_TFIN22_65)

Pre-requisites
  1. There are no such pre-requisites to register for this exam
Exam Details
  1. Exam time duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 65 percent
  4. This is associate level certification

SAP Certified Application Associate - Management Accounting (CO) with SAP ERP 6.0 EhP6 (C_TFIN22_66)

Pre-requisites
  1. There are no such pre-requisites to register for this exam
Exam Details
  1. Exam time duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 60 percent
  4. This is associate level certification

SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 (C_TFIN22_67)

Pre-requisites
  1. There are no such pre-requisites to register for this exam
Exam Details
  1. Exam time duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 56 percent
  4. This is associate level certification

SAP Certified Application Professional - Management Accounting (CO) with SAP ERP 6.0 EHP5 (P_FINMGT_65)

Exam Details
  1. Exam time duration is 180 minutes
  2. Number of question is 80
  3. Passing score is 57 percent
  4. This is professional level certification

SAP FICO Training FAQs

What are the organizational elements in SAP FI?
The following are the organizational elements in SAP FI namely:
  1. Company Code
  2. Business Area
  3. Chart of Account
  4. Functional Area
What are the other modules to which financial accounting is integrated?
SAP Financial Accounting is integrated with other modules such as SAP Sales and Distribution, SAP Material Management, SAP Production Planning and so on.
What is a year shift in SAP Calendar?
To correctly identify the number of posting periods when the fiscal year is not same as the calendar year, the user must define a displacement factor for each posting period.
What is a company and company code in SAP?
A company is an organizational unit which represents a business organization according to commercial law requirements in a particular country. It is the smallest unit for which financial statements are created according to the relevant legal requirements in an organisation. A company can include one or more company codes. The company code is the smallest unit of external accounting for which a complete, self-contained set of accounts can be created. This is used to structure the business organization from a financial accounting perspective.